Ripple Transfers 1 Billion XRP Tokens From Escrow Pockets and Again Once more

Whale Alert, the ever-vigilant reside tracker for cryptocurrency transactions, famous that Ripple transferred a complete of 1 billion XRP tokens from its escrow pockets on Dec. 2.

The blockchain-based funds agency moved the huge quantity of tokens in two separate transactions, value round $219 million in complete as of press time. Curiously, the corporate transferred the very same quantity of tokens again into escrow solely seven minutes later, this time in three separate transactions.

Is Ripple crashing the token’s value?

This isn’t the primary time that Ripple has executed such monumental transactions. The observe has raised considerations among the many XRP group, as a few of its members concern that Ripple is dumping XRP and crashing the token’s value.

In August, a Change.org petition entitled “Cease Ripple dumping,” was launched, followed by a extra sarcastic petition in September, urging Ripple to extend the dumping of XRP and “unleash the utility!”

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